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United Spirits share price

United Spirits Ltd.

NSE: UNITDSPR BSE: 532432 SECTOR: Breweries & Distilleries  3.56 L   1.58 K   263

1388.80
-2.60 (-0.19%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 1418.65

Today's Low

₹ 1383.3

52 Week High

₹ 1644.9

52 Week Low

₹ 1210.4

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

101014.49 Cr.

Enterprise Value

99241.49 Cr.

No. of Shares

72.74 Cr.

P/E

59.07

P/B

11.78

Face Value

₹ 2

Div. Yield

0.86 %

Book Value (TTM)

₹  117.93

CASH

1773 Cr.

DEBT

0 Cr.

Promoter Holding

56.67 %

EPS (TTM)

₹  23.51

Sales Growth

8.24%

ROE

21 %

ROCE

28.9%

Profit Growth

18.75 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of United Spirits Ltd.

JOHNNIE WALKER MCDOWELL'S ROYAL CHALLENGE THE SINGLETON TALISKER SIGNATURE BLACK DOG VAT 69 SMIRNOFF CAPTAIN MORGAN CIROC KETEL ONE VODKA ANTIQUITY BLUE BAILEY'S LAGAVULIN BAGPIPER SDP BLACK CHARDHU CAOL ILA CLYNELISH RAGGANMORE DALWHINNIE GLENKINCHIE OBAN GORDONS Romanov Director's Special White Mischief Whyte & Mackay Four Seasons Wines

Index Presence

The company is present in 36Indices.

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year8.24%
3 Year7.09%
5 Year4.95%

Profit Growth

1 Year18.75%
3 Year22.34%
5 Year17.2%

ROE%

1 Year21%
3 Year20.25%
5 Year17.49%

ROCE %

1 Year28.9%
3 Year27.04%
5 Year23.06%

Debt/Equity

0

Price to Cash Flow

62.9

Interest Cover Ratio

24.1011

CFO/PAT (5 Yr. Avg.)

1.12812795089707

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2026 56.67 1.18
Dec 2025 56.67 1.18
Sep 2025 56.67 1.18
Jun 2025 56.67 1.18
Mar 2025 56.67 1.18
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 22.3384507815321% for the Past 3 years.
  • Company has been maintaining healthy ROE of 20.2494333333333% over the past 3 years.
  • Company has been maintaining healthy ROCE of 27.0423666666667% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 24.1011.
  • The company has an efficient Cash Conversion Cycle of -99.0992 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.12812795089707.
  • The company has a high promoter holding of 56.67%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 4.64221099432879.

 Limitations

  • The company has shown a poor revenue growth of 7.0880974679389% for the Past 3 years.
  • The company is trading at a high PE of 59.07.
  • The company is trading at a high EV/EBITDA of 37.5274.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 7731 6549 5823 7192 7928
Total Expenditure 7143 6044 5408 6520 7310
Operating Profit 588 505 415 672 618
Other Income 190 170 61 76 144
Interest 20 22 49 21 19
Depreciation 72 68 68 65 79
Exceptional Items -65 0 -11 -30 -10
Profit Before Tax 621 585 348 632 654
Tax 148 134 90 160 125
Profit After Tax 473 451 258 472 529
Adjusted EPS (Rs) 6.52 6.22 3.56 6.51 7.3

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 7889.2 9423.7 10374 10692 11573
Total Expenditure 6901.5 7926.2 8955 8984 9515
Operating Profit 987.7 1497.5 1419 1708 2058
Other Income 47.8 46.6 74 335 426
Interest 165.8 88 104 76 89
Depreciation 249.3 288.6 271 264 274
Exceptional Items -151.4 -156 171 -17 -65
Profit Before Tax 469 1011.5 1289 1686 2056
Tax 158.7 160.6 237 374 498
Net Profit 310.3 850.9 1052 1312 1558
Adjusted EPS (Rs.) 4.27 11.71 14.51 18.1 21.49

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 145.3 145.3 145 145 145
Total Reserves 3981.5 4747 5799 6818 7734
Borrowings 0 0.9 0 0 0
Other N/C liabilities -71.1 6.2 -65 368 683
Current liabilities 4941.5 5024.2 3535 3765 4600
Total Liabilities 8997.2 9923.6 9414 11096 13162
Assets
Net Block 1300.8 1486.6 1182 1106 1331
Capital WIP 78.1 87.7 67 37 72
Intangible WIP 8.4 8 16 0 0
Investments 202.1 216.9 206 224 234
Loans & Advances 1393.3 1416.5 1522 2300 2125
Other N/C Assets 188.2 174.5 199 273 472
Current Assets 5826.3 6533.4 6222 7156 8928
Total Assets 8997.2 9923.6 9414 11096 13162
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 469 1011.5 1289 1686 2056
Adjustment 580.8 528.6 158 116 77
Changes in Assets & Liabilities 803.6 -171.2 -574 -576 -354
Tax Paid -125.2 -457.6 -297 -313 -173
Operating Cash Flow 1728.2 911.3 576 913 1606
Investing Cash Flow 13.4 -245.7 -22 466 -950
Financing Cash Flow -1719.5 -687.8 -500 -439 -527
Net Cash Flow 22.1 -22.2 54 940 129

Corporate Actions

Investors Details

PARTICULARS Mar 2025% Jun 2025% Sep 2025% Dec 2025% Mar 2026%
promoters 56.67 56.67 56.67 56.67 56.67
diageo relay b.v. - 55.88 - 55.88 55.88
united breweries (holding... - - - - 0.76
vijay mallya 0.01 0.01 0.01 0.01 0.01
vittal investments privat... 0.02 0.02 0.02 0.02 0.02
united breweries holdings... 0.76 0.76 0.76 0.76 -
diageo relay b.v - - 55.88 - -
diageo relay bv (formerly... 55.88 - - - -
PARTICULARS Mar 2025% Jun 2025% Sep 2025% Dec 2025% Mar 2026%
investors 43.33 43.33 43.33 43.33 43.33
aditya birla sun life tru... - - 1.29 1.38 1.70
government pension fund g... - - - - 1.07
hdfc mutual fund - variou... - - 3.49 3.56 4.02
investor education and pr... - 0.45 - 0.45 0.44
kotak mahindra trustee co... - - 1.05 1.04 1.58
llp 0.10 0.11 0.11 0.11 0.10
usl benefit trust 2.38 2.38 2.38 2.38 2.38
icici prudential large ca... - - 1.27 - -
investor education and pr... 0.45 - 0.45 - -
aditya birla sun life tru... 1.48 1.49 - - -
hdfc trustee company limi... - 2.87 - - -
icici prudential bluechip... - 1.02 - - -
kotak equity opportunitie... - 1.02 - - -
government of singapore 1.03 - - - -
hdfc trustee company limi... 2.78 - - - -
kotak equity arbitrage fu... 1.17 - - - -

Annual Reports

Title Link
Title Link
Annual Report 2024
Annual Report 2023
Annual Report 2022
Annual Report 2021
Annual Report 2020
Annual Report 2019
Annual Report 2018
Annual Report 2017

Ratings & Research Reports

TYPE AGENCY Link
TYPE AGENCY Link
Credit ICRA
Credit CRISIL
Credit CRISIL
Credit ICRA
Credit CRISIL
Credit CRISIL
Credit ICRA
Credit ICRA
Credit CRISIL
TYPE AGENCY Link
TYPE AGENCY Link
Research Ventura
Research Geojit
Research Ventura
Research Edelweiss
Research Motilal Oswal
Research ICICI Securities Limited
Research HDFC Securities

Concalls & Presentations

TYPE QUARTER Link
TYPE QUARTER Link
Concall Q4FY23
Concall Q3FY23
Concall Q2FY24
Concall Q2FY21
Concall Q2FY20
Concall Q1FY24
Concall Q1FY21
TYPE QUARTER Link
TYPE QUARTER Link
Presentation Q4FY22
Presentation Q4FY21
Presentation Q2FY22
Presentation FY2024
Presentation FY2020
Presentation FY2019

Company News

United Spirits informs about change in senior management personnel 19 Feb, 9:29 AM United Spirits informs about updates 24 Nov, 5:29 PM United Spirits informs about postal ballot notice 20 Nov, 3:59 PM United Spirits soars on reporting 36% rise in Q2 consolidated net profit 31 Oct, 2:38 PM United Spirits reports 36% rise in Q2 consolidated net profit 31 Oct, 2:29 PM United Spirits - Quaterly Results 31 Oct, 12:00 AM United Spirits informs about investors call 16 Oct, 12:39 PM United Spirits informs about media interaction 3 Sep, 3:35 PM United Spirits reports 14% decline in Q1 consolidated net profit 14 Aug, 4:06 PM United Spirits - Quaterly Results 13 Aug, 7:18 PM United Spirits - Quaterly Results 13 Aug, 7:18 PM United Spirits informs about board newspaper advertisement 22 May, 1:07 PM United Spirits informs about newspaper advertisement 21 May, 4:16 PM United Spirits reports 75% jump in Q4 consolidated net profit 21 May, 2:42 PM United Spirits informs about notice of postal ballot 21 May, 1:26 PM United Spirits - Quaterly Results 20 May, 6:49 PM United Spirits - Quaterly Results 20 May, 6:49 PM United Spirits informs about corporate action 27 Mar, 5:29 PM United Spirits informs about outcome of board meeting 27 Mar, 5:25 PM United Spirits informs about change in directorate 27 Mar, 5:23 PM United Spirits informs about outcome of board meeting 27 Mar, 4:59 PM United Spirits informs about outcome of board meeting 27 Mar, 4:53 PM United spirits reports marginal fall in Q3 consolidated net profit 24 Jan, 11:26 AM United Spirits - Quaterly Results 23 Jan, 7:45 PM United Spirits - Quaterly Results 23 Jan, 7:45 PM United Spirits informs about disclosure 16 Jan, 11:08 AM United Spirits informs about board meeting 11 Jan, 3:51 PM United Spirits informs about trading window closure 30 Dec, 3:13 PM United Spirits informs about disclosure 23 Nov, 4:08 PM United Spirits - Quaterly Results 23 Oct, 6:00 PM United Spirits - Quaterly Results 23 Oct, 6:00 PM United Spirits - Quaterly Results 23 Oct, 6:00 PM United Spirits informs about disclosure 23 Oct, 11:08 AM United Spirits informs about disclosure 1 Oct, 12:50 PM United Spirits informs about earnings call transcript 30 Jul, 12:46 PM United Spirits informs about media statement 26 Jul, 9:49 AM United Spirits reports marginal rise in Q1 consolidated net profit 24 Jul, 12:21 PM United Spirits gets nod to invest in V9 Beverages, Indie Brews and Spirits 24 Jul, 11:54 AM United Spirits - Quaterly Results 23 Jul, 7:30 PM United Spirits - Quaterly Results 23 Jul, 7:30 PM United Spirits - Quaterly Results 23 Jul, 7:30 PM United Spirits informs about press release 6 Jul, 4:26 PM United Spirits - Quaterly Results 24 May, 6:16 PM United Spirits - Quaterly Results 24 May, 6:16 PM United Spirits gets nod to invest in Inspired Hospitality 4 Apr, 6:14 PM United Spirits informs about disclosure 15 Mar, 3:29 PM United Spirits informs about disclosure 27 Feb, 3:05 PM United Spirits informs about disclosure 21 Feb, 5:10 PM United Spirits informs about earnings call transcript 1 Feb, 3:21 PM United Spirits informs about disclosure 24 Jan, 5:26 PM

United Spirits Stock Price Analysis and Quick Research Report. Is United Spirits an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse United Spirits. 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). United Spirits has a PE ratio of 59.242875372182 which is high and comparatively overvalued.

  • Return on Assets (ROA): Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. United Spirits has ROA of 12.8452% which is a bad sign for future performance. (Higher values are always desirable.)

  • Current ratio: The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. United Spirits has a Current ratio of 1.9409.

  • Return on equity: ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. United Spirits has a ROE of 20.9973%. (Higher is better)

  • Debt to equity ratio: It is a good metric to check out the capital structure along with its performance. United Spirits has a Debt to Equity ratio of 0 which means that the company has low proportion of debt in its capital.

  • Sales growth: United Spirits has reported revenue growth of 8.2398% which is poor in relation to its growth and performance. 

  • Operating Margin: This will tell you about the operational efficiency of the company. The operating margin of United Spirits for the current financial year is 17.7827702410784%.

  • Dividend Yield: It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for United Spirits is Rs 12 and the yield is 0.8571%.

  • Earnings Per Share: It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of United Spirits is Rs 23.51. The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of United Spirits in Ticker for free. Also, one can get the intrinsic value of United Spirits by using Valuation Calculators, which are available with a Finology ONE subscription. 

United Spirits FAQs

Q1. What is United Spirits share price today?
Ans: The current share price of United Spirits is Rs 1392.8.

Q2. What is the market capitalisation of United Spirits?
Ans: United Spirits has a market capitalisation of Rs 101305.42680584 Cr., calculated based on its latest share price.

Q3. What are the P/E and P/B ratios of United Spirits?
Ans: The PE ratio of United Spirits is 59.242875372182 and the P/B ratio of United Spirits is 11.8106463717114, showing how the stock is valued against its earnings and book value.

Q4. What is the 52-week high and low of United Spirits share?
Ans: The 52-week high share price of United Spirits is Rs 1645, and the 52-week low share price of United Spirits is Rs 1210.8.

Q5. Does United Spirits pay dividends?
Ans: Currently, United Spirits pays dividends. Dividend yield of United Spirits is around 0.8571%.

Q6. What are the face value and book value of United Spirits shares?
Ans: The face value of United Spirits shares is Rs 2, while the book value per share of United Spirits is around Rs 117.9275. Face value is the nominal value set by the company, whereas book value reflects its accounting worth.

Q7. What is the debt of United Spirits?
Ans: United Spirits has a total debt of Rs 0 Cr., which affects investor sentiment and financial stability. 

Q8. What are the ROE and ROCE of United Spirits?
Ans: The ROE of United Spirits is 20.9973% and ROCE of United Spirits is 28.9045%. ROE shows how efficiently the company is generating profit from shareholders’ equity, while the ROCE is reflects how efficiently the company uses its capital to generate returns.

Q9. Is United Spirits a good buy for the long term?
Ans: The United Spirits long-term outlook depends on debt levels, earnings growth, and sector trends. If it sustains profits and manages debt well, it may be considered for long-term investment.

Q10. Is United Spirits undervalued or overvalued?
Ans: Based on valuation ratios like P/E, P/B, and EV/EBITDA, one can analyse whether the United Spirits appears undervalued or overvalued at current levels. You can check detailed valuation metrics and peer comparisons on Finology Ticker.

Q11. How to check United Spirits’s financials?
Ans: You can review United Spirits’s financial statements - including balance sheet, income statement, and quarterly results - on Finology Ticker.

Last Updated on:
Brief about United Spirits

United Spirit Share Price, Stock Analysis & Company Profile

United Spirits Limited (USL) is a leading player in the Indian spirits market and the world’s second-largest spirits company by volume. As a subsidiary of the global beverage giant Diageo, the company boasts a powerful portfolio of iconic brands across various categories. Operating in the competitive Breweries & Distilleries sector, United Spirits is at the forefront of the premiumisation trend in India's beverage industry.

This page serves as a comprehensive resource for investors to track the United Spirits share price, perform a detailed United Spirits stock analysis, and explore the financial dynamics of a market leader.

About United Spirits Limited

United Spirits Limited has a legacy dating back to 1826, starting as McDowell and Company. Over the years, it evolved through numerous acquisitions and mergers to become the titan it is today. In 2013-14, the company saw a major strategic shift when Diageo, the world's leading spirits producer, acquired a controlling stake.

Headquartered in Bengaluru, the company manages a vast network of manufacturing facilities and a distribution reach that spans the entire country. Its portfolio includes world-renowned names like Johnnie Walker, Black Dog, Singleton, and Smirnoff, alongside homegrown favorites like McDowell’s No. 1 and Royal Challenge.

United Spirits Business Model

The company operates a vertically integrated model designed to capture value at every stage of the consumer journey. Key aspects of its business include:

  • Premiumisation Strategy: A deliberate shift towards "Prestige & Above" segments, focusing on high-margin luxury and premium brands to drive profitability.

  • Manufacturing Excellence: Utilizing a mix of owned distilleries and contract bottling units to maintain a flexible and cost-efficient supply chain.

  • Brand Development: Heavy investment in marketing and innovation to keep legacy brands relevant while introducing global labels to the Indian palate.

  • Distribution Network: Leveraging one of the most extensive sales and distribution networks in India to ensure presence across retail outlets and the hospitality sector.

  • Responsible Drinking: Promoting moderate consumption through extensive corporate social responsibility initiatives.

United Spirits IPO and Listing Details

United Spirits is one of the most widely tracked stocks in the Indian market, representing the consumption story of the growing Indian middle class.

  • Listing History: The company has been a prominent listed entity on the Indian exchanges for decades, originally trading under various group identities before centralising as United Spirits.
  • IPO Details: As an old-economy company that grew through mergers (like the merger of McDowell, Herbertsons, and others), its journey to the market was through corporate restructuring rather than a single modern-day IPO.
  • Listing Exchanges: BSE and NSE.
  • Face Value: Rs 2 per share (Post-split).
  • ISIN: INE854D01024.
  • NSE Symbol: UNITDSPR.
  • BSE Scrip Code: 532432.

United Spirits Corporate Action History

United Spirits has used various corporate actions over the years to manage its capital structure and ensure healthy stock market participation.

Bonus Share History

The company has historically issued bonus shares to reward its long-term equity partners.

Note: While the company has been focused on deleveraging and growth in recent years, it has a history of capitalising reserves through bonus issues during its earlier growth phases.

Stock Split History

To ensure the stock remains accessible to retail investors as its value grew, the company has undertaken stock splits.

  • 2018: Stock split from a Face Value of Rs 10 per share to Rs 2 per share.

  • Ex-Date: 14 June 2018.

Dividend History

United Spirits has transitioned into a consistent dividend-paying company, reflecting its strong cash flow generation under Diageo’s management.

  • FY 2025-26: Declared a dividend of Rs 6.00 per share.

  • FY 2024-25: Total dividends included payouts of Rs 8.00 and Rs 4.00 per share.

  • FY 2023-24: Total dividends included payouts of Rs 5.00 and Rs 4.00 per share.

Investor Resources Available on This Page

Retail investors can find a variety of tools in the respective tables on this page to conduct a thorough United Spirits stock analysis:

  • Price Chart: Monitor the historical performance and price trends of the United Spirits share price. (data delayed by 15 minutes)

  • Company Ratios: Review essential financial health indicators like P/E ratio, ROCE, and Debt-to-Equity.

  • Quarterly Results: Track the impact of seasonal demand and raw material costs on company earnings.

  • Balance Sheet: Analyse the company’s asset base and its transition to a virtually debt-free status.

  • Cash Flow Statement: Evaluate the company’s ability to generate cash from its massive operations.

  • Shareholding & Promoters: Check the stake held by Diageo (the parent company) and institutional investors.

  • Pros & Cons: A simplified summary of the company’s market dominance versus regulatory risks in the liquor industry.

  • Annual Reports: Download official documents for deep dives into management commentary and future outlook.

Investors looking for a broader market perspective can also use the Stock Screener on Finology Ticker to filter and compare companies within the same sector.

Frequently Asked Questions (FAQs)

Q1. What is the latest United Spirits share price?

The current price is displayed at the top of this page. Please note that all price data and charts are subject to a 15-minute delay from the exchanges.

Q2. Who owns United Spirits?

United Spirits is a subsidiary of Diageo, a global leader in beverage alcohol, which holds the majority stake and acts as the promoter.

Q3. When was the last stock split for United Spirits?

The last stock split for United Spirits took place in June 2018, when the face value was reduced from Rs 10 to Rs 2 per share.

Q4. Does United Spirits pay regular dividends?

Yes, under its current management, United Spirits has established a track record of paying regular dividends to its shareholders.

Q5. What are some of the key brands of United Spirits?

The company’s portfolio includes prestigious brands like Johnnie Walker, Black Dog, McDowell’s No. 1, Smirnoff, and Signature.

Q6. Where can I find the latest quarterly results?

All quarterly financial updates, including revenue and net profit figures, are available in the "Quarterly Results" table on this page.

Q7. How can I download the United Spirits Annual Report?

You can access and download the latest as well as past Annual Reports from the "Reports" or "Documents" section table provided on this page.

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